As explained on the website of the Department of Social Prosperity, the Young Income program is the evolution of Jóvenes en Acción “and was created to contribute to the social and economic inclusion of the young population in situations of poverty and vulnerability, through monetary transfers. , and, implement strategies that facilitate access and permanence in higher education and the consolidation of life trajectories based on dignity and the guarantee of rights.
In addition, the same website emphasizes that this program will come into effect starting in 2024 and will be linked “to the transfer system established by the National Development Plan.”
You may be interested
How does Young Rent work?
The same National Government entity explains that this program works through two components:
- Component of monetary transfers for higher education
This component “guarantees the periodic and direct delivery of conditional monetary transfers to facilitate the access, permanence and graduation of the young population linked to higher education, complementary training and Higher Normal Schools”
If you are a higher education student, the incentive given is: if you are enrolled in a university technical, technologist or professional training program ($400,000 for each academic period). In permanence, if the academic period is completed and the cumulative average is equal to or greater than 3.0 and is active in the training process ($400,000), and finally, excellence, if the academic period is completed and the cumulative average is equal to or greater than is obtained. 4.0 ($200,000 for each academic period)
Additionally, if you are a registered SENA student, it is $200,000 for each month verified with effective enrollment.
Finally, the incentive if you are a student at a higher normal school is $200,000 for each month verified with effective enrollment.
- Component of social promotion and comprehensive well-being
On the other hand, in this component, “comprehensive support is carried out focused on strengthening the capacities of youth, promoting the consolidation of a life trajectory, from well-being and the generation of opportunities for social mobility, through three pillars of intervention. ”.
If you want to know the details of the incentives of this model, click here:: https://prosperidadsocial.gov.co/sgpp/transferencias/renta-joven/bienestar/
When will the first Young Income payment be?
Through a statement on its website, the Department of Social Prosperity confirmed that the payment of this subsidy will begin in April.
“The first incentive delivery cycle of 2024 is scheduled for the last week of April,” the entity said.
Adding that “the first day of delivery of monetary incentives is scheduled for the last week of April 2024. Resolution 0467 of March 18, 2024 formalized the list of participants registered in the program. This resolution marks the beginning of cycle 1 of payments of the year.”
Likewise, he reaffirmed that “Daviplata will be in charge of dispersing the conditional monetary transfer of the program.”
What concept does this first payment of Young Income correspond to?
According to Social Prosperity, this first payment corresponds to:
SENA: period October – November 2023.
Higher education institutions (IES): registration for the second semester of 2023. This will only apply to the following institutions, which are sending their report for the first time and will also receive registrations:
- National Open and Distance University (UNAD).
- Tolimense Institute of Professional Technical Training (ITFIP).
- International University of the American Tropics (Unitropic).
- Francisco de Paula Santander University, Ocaña headquarters.
- Universidad al Barrio (agreement with the Mayor’s Office of Barranquilla.
- ICBF Agreement.
If you want to know more information, click on this link: